Lincoln Electric Board Declares Dividend

Rhea-AI Summary

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has declared a quarterly cash dividend of $0.49 per common share, set for payment on October 15, 2020, to shareholders of record as of September 30, 2020. As a leader in arc welding products and automated systems, Lincoln Electric is headquartered in Cleveland, Ohio, with 59 manufacturing locations across 18 countries. The company has a vast distribution network that spans over 160 countries.

Positive

• Quarterly cash dividend of $0.49 reflects company confidence.
• Strong global presence with 59 manufacturing locations in 18 countries.

Negative

• None.

CLEVELAND, July 23, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.49 per common share, payable October 15, 2020 to shareholders of record as of September 30, 2020.

Business

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Headquartered in Cleveland, Ohio, Lincoln has 59 manufacturing locations in 18 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com.

FAQ

What is the dividend amount declared by Lincoln Electric (LECO)?

Lincoln Electric declared a cash dividend of $0.49 per common share.

When will Lincoln Electric's dividend be paid?

The dividend will be paid on October 15, 2020.

What is the record date for Lincoln Electric's dividend payment?

The record date for the dividend is September 30, 2020.

How often does Lincoln Electric (LECO) pay dividends?

Lincoln Electric pays dividends quarterly.